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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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Panama

In 1995 the economy of Panama grew by less than 2%, continuing the sustained decline that replaced the momentum observable at the beginning of the decade and signalled the end of the cycle of recovery from the crisis of the late 1980s. Consequently, the increase in per capita output halted and job creation remained sluggish. These trends were the result of adverse conditions that affected two of the three pillars of the Panamanian economy: the international banking centre and the Colôn Free Zone.

English

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